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Eli Lilly and Company (NYSE:LLY) Given New $1,133.00 Price Target at Bank of America
Bank of America has lowered its price target for Eli Lilly and Company to $1,133.00 from $1,294.00, while maintaining a “buy” rating, indicating a potential upside of 17.39%. This adjustment comes despite Eli Lilly’s strong Q1 earnings beat and raised full-year guidance, driven by the success of its GLP-1 drugs. Analyst sentiment for the company remains largely positive, with a “Moderate Buy” consensus rating and an average price target of $1,212.96, though risks like competitor oral GLP-1 rollouts and pricing pressures are noted.